Yum! Brands price target raised to $143 from $135 at Loop Capital

Loop Capital analyst Alton Stump raised the firm’s price target on Yum! Brands to $143 from $135 and keeps a Hold rating on the shares after its Q2 results. The company reported a modest earnings beat but comps missed outside of Taco Bell, the analyst tells investors in a research note. Digital sales continued to grow rapidly and represented nearly $8B of sales or over 50% of the company’s total system-wide revenue mix in Q2, the firm added.